MIRA
INFORM REPORT
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Report Date : |
29.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
DOSHI IMPEX LTD |
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Registered Office : |
RM 905, 9FL Peninsula Square 18 Sung On St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.08. 2004 |
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Com. Reg. No.: |
0916441 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and local purchase of wide range of diamonds for watches, watch
case and bands, dial and jewelry. Distribution of the products to local market. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
DOSHI
IMPEX LTD
RM 905, 9FL PENINSULA SQUARE 18 SUNG ON ST
HUNGHOM KOWLOON, HONG KONG.
TEL: 852-27392188 FAX: 852-27392345
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 11, 2004
REGISTRATION NO. :
0916441
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. KIRITKUMAR VINODRAI DOSHI (DIRECTOR)
STAFF STRENGTH :
2
CAPITAL :
US$ 1,285,347
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80449 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
*Company Registration*
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(1)
License number : 0916441
Date issued : 11 August, 2004
Issuing authority :
Companies Registry
Legal form : Private Company Limited by Shares
Type of license : Corporate
(2)
License number : 34820597-000
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
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Share value : HKD 1.00/-each
Authorized capital : HKD
10,000,000.00
Paid-up capital : HKD 6,000,000.00 divided into
6,000,000 ordinary shares
*Office & Facilities*
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Other mobile no. : 94950182
*Charge*
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Total amount outstanding on all mortgages and charges which are required
to be registered with the Registrar of Companies are general banking
facilities.
*Approved Signatures*
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Mr. Kiritkumar Vinodrai Doshi can sign on behalf of the company with
seal affixed.
SC is not known to host website of its own at present.
E-mail: naynak@biznetvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 6,000,000
Shareholders Country
Number Amount (HKD) %
----------------- --------- ------------------ ------------------- --------
Mr. Kiritkumar Vinodrai Doshi India 3,000,000.00 3,000,000.00 50.00
Ms. Nayna Kirit Doshi India 3,000,000.00 3,000,000.00 50.00
*Company Secretary*
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HARRIS SECRETARIES LTD
CR no. : 31138
*COMPANY DIRECTORS*
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1
Name : Mr. Kiritkumar Vinodrai Doshi
Nationality : India
ID/Passport No. : K698116(A)
Registered Address : 14H Hilton Tower 96 Granville Rd, Tsimshatsui,
Kowloon
Country of Residence : Hong Kong
2
Name : Ms. Nayna Kirit Doshi
Nationality : India
ID/Passport No. : K698116(A)
Registered Address : 14H Hilton Tower 96 Granville Rd
Country of Residence : Hong Kong
*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of wide range of diamonds for watches, watch
case and bands, dial and jewelry.
2. Distribution of the products to local market.
Products: Full-cut diamond
Natural
diamonds
Single-cut
diamond
*Payment Terms*
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Sales
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Local : Cash or credit
Purchases
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Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Exhibition Participation*
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Exhibition fair : Hong Kong
Watch, Clock, Optical, Parts & Accessories Fair
Dates attended : 7-10 March,
2007
Location :
AsiaWorld-Expo Hong Kong
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES :
51
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers of
SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL amounts
depending on individual judgement experience.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a development history of 4
years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3281 Cut stone
and stone products
Trading 3915 Jeweler's findings
and materials, and lapidary work
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7102310000 Diamonds
except industrial, unworked or simply sawn, cleaved or brutd
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from India
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)